alt Hacker NewsGod forbid we participants in the stock market evaluate a business before investing in it, or do any sort of work to get the return we're promised.
I, for one, much prefer to earn a 9% return without expending any effort or thought at all.
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bryananderson • yesterday at 8:10 PM
You may wish it were not so, you may find it inelegant and infuriating and unfair, but it is a fact that retail investors nearly all underperform the market over a long enough time horizon. Maybe you are built different but for most of us it is very rational to take the market return for “free”.
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For most people their talent and expertise does not involve investing. That's why pensions and 401ks exist and why S&P/nasdaq have rules to protect the public.